**NEWNHAM NURSERY LIMITED DIRECTORS’ AND TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31-Jul-24**
## **NEWNHAM NURSERY LIMITED**
## **CONTENTS**
|Directors’ and Trustees’ report|1|
|---|---|
|Report of the Independent Examiner|2|
|Statement of Financial Activities|3|
|Balance sheet|4|
|Notes to the financial statements|5|
Development, aetivities and achievements
Newnham Nursery 15 an independent preschool nursery and a registered charity.
There has been no change to the committee members, board of directors or the legal
Structure of the nursery thi5 year.
2023/2024 was a much improved year from last year5 Ios5. We retained a higher number of
children as we are registering younger children to re-balance our intakes to leavers.
We introduced a morning club to help provide Newnham Croft Primary School with wrap
round care, we trialled it for the academic year after gauging interest by conducting a supdey
with the school's families. Initial interest proved interesting but over the year we were not
able to attract the numbers that were suggested. We decided to cancel the club at the end
of the academic year.
Our team of 3 staff have once again worked incredibly hard during such troubled times, and
our thank5 go out to them and their familie5 for 5UPPOrting u5. My thank5 go to all member5
of the Committee who have contributed in various way5 this year, and also a big thank you
to all the parents and children who have supported u5 during this year.
Future Plans
We are hopeful for a positive 2024125 academic year, the number5 for intake look strong
again.
Approval
This report was approved by the board of directors & trustees on: 25th March 2025
and signed on its behalf by:
V Sehgal
Chairperson
## **NEWNHAM NURSERY LIMITED**
## **REPORT OF THE INDEPENDENT EXAMINER**
We report to the Trustees of Newnham Nursery Limited on the financial statements for the year ended 31 July 2024 set out in pages three to seven.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees you are responsible for the preparation of the financial statements and you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to examine the accounts under section 43 of the 1993 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and to state whether particular matters have come to my attention .
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements
- have not been met ; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached .
...........................................Dated........19th April 2025 Toby Hargrave ACMA CGMA 15 Headland Way Haconby Bourne PE10 0UW
## **NEWNHAM NURSERY LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 JULY 2024**
|Notes
**Incoming Resources**
Donations
2
Grants received
3
Income from services
Investment income
4
**Total incoming resources**
**Resources expended**
Direct Charitable expenditure
5
Administration
6
Corporation Tax
Bank charges
Total Resources expended
Net income
Loan received
Fund balances brought forward
Fund balances carried forward|Unrestricted
funds
£
-
56,616
26,712
0
83,328
72,945
4,053
76,998
0
-
76,998
6,330
0
4,587
10,917|Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**Total**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
-
-
56,616
45,056
26,712
8,366
0
25
83,328
53,447
72,945
65,890
4,053
3,945
76,998
69,835
0
677
-
-
76,998
70,512
6,330
(17,065)
0
0
4,587
21,652
10,917
4,587|
|---|---|---|---|
All incoming resources expended derive from continuing activities.
The notes on pages 7 to 9 form part of these financial statements.
## **NEWNHAM NURSERY LIMITED**
**BALANCE SHEET AS AT 31 JULY 2024**
|**BALANCE SHEET**
**AS AT 31 JULY 2024**|||||||
|---|---|---|---|---|---|---|
|||||**2023**||**2023**|
|||**£**||**£**|**£**|**£**|
||Notes||||||
|**FIXED ASSETS**|||||||
|Tangible Assets|**8**|||3,536||3,874|
|**CURRENT ASSETS**|||||||
|Debtors||-|||-||
|Cash at Bank|||7,381||2,086||
||||7,381||2,086||
|**CREDITORS**|||||||
|Amounts falling due within one year|**9**||-||1,373.00||
||||-||1,373.00||
|**NET CURRENT ASSETS**||||7,381||713|
|**NET ASSETS**||||10,917||4,587|
|**REPRESENTED BY:**|||||||
|Restricted funds||||-||-|
|Unrestricted funds||||10,917||4,587|
|||||10,917||4,587|
The notes on pages 8 to 10 form part of these financial statements.
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved by the Board of Directors and Trustees on......................... and were signed on its behalf by:
........................................................ V Sehgal - Director
## **NEWNHAM NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024**
|**2**
**Donations**
Donations from individuals and organisations
**3**
**Grants received**
Government funding
**4**
**Investment income**
Interest receivable
**5**
**Direct charitable expenditure**
Premises expenses
Insurance
Support staff wages and expenses
Milk & Food
Other expenses
Equipment depreciation
**6**
**Administration expenditure**
Training
Advertising
Subscriptions
Stationery & Books
Postage
Telephone etc
Accountancy & payroll
Legal
Cleaning
**7**
**Staff Costs**
Salary of £26,188 was paid to Susan Sehgal.
Staff costs were as follows:
Wages and salaries
Pension
Social security costs|2024
-
56,616
-
9,128
672
59,245
900
2,662
338
72,945
358
352
785
-
-
1,624
654
-
280
4,053
50,761
3,535
6,322
59,245|2023
-|
|---|---|---|
|||45,056|
|||25|
|||5,437
642
55,703
814
2,846
448|
|||65,890|
|||223
130
823
-
-
1,587
722
-
460|
|||3,945|
|||47,433
2,607
4,290|
|||55,703|
The average monthly number of staff employed by the charity during the period was 3. All staff were involved in direct charitable work, apart from a small amount of administration.
## **NEWNHAM NURSERY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024**
|**8**
**Fixed assets**
**Cost**
As At 31 July 2023
Additions
Disposals
As At 31 July 2024
**Depreciation**
As At 31 July 2023
Charge in the year
Disposals
As At 31 July 2023
Net book value
As at 31 July 2024
As at 31 July 2023
**9**
**Creditors**
Salaries
PAYE & NIC
Accruals & other creditors|**Computers**
**£**
1,937
0
(148)
1,789
1,563
74
(148)
1,489
300
374|**Equipment**
**£**
11,223
(363)
10,860
7,723
264
(363)
7,624
3,236
3,500
**2024**
**£**
-
-
-
-|**Total**
**£**
13,160
0
(511)|
|---|---|---|---|
||||12,649|
||||9,286
338
(511)|
||||9,113|
||||3,536|
||||3,874|
||||**2023**
**£**
855
518
-|
||||1,373|